Procurement Analyst
A procurement Analyst is a professional responsible for sourcing, evaluating, and purchasing the goods, services, and materials an organization needs to operate while managing supplier relationships and controlling costs
Quiz Questions
Q616: Annual demand is 2,400 units, ordering cost is 50 per order, and holding cost is 6 per unit per year. What is the EOQ (to the nearest whole unit)?
200 units
400 units
100 units
141.42 units
12 units
Q617: What does an effective procurement audit trail allow?
The deletion of old records
The hiding of approval levels
The removal of duties
Any decision or transaction to be traced to who did what and when
Faster payments without documents
Q618: Which procurement term best matches this description: a supplier's declaration that the goods comply with the specified standards?
General conditions of contract
Certificate of conformity
Stockout
Demand forecasting
Related-party transaction
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